Situation where product attract CVD, IGST& Compensation cess after GST implementation
Suppose Assessable Value (A.V.) including landing charges =Rs. 100/-
(1) BCD- 10%
(2) CVD- 12%
(3) IGST-28 %
(4) Education cess – 2%
(5) Higher education cess -1%
(6) Compensation cess-10%
In view of the above parameters, the calculation of duty would be as below:
(a) BCD = Rs. 10 [10% of A.V.]
(b) CVD = Rs 13.2 [ 12% of (A.V.+ BCD)
(c) Education cess- Rs. 0.464 [2% of (BCD+CVD)]
(d) Higher education cess- Rs. 0.232 [1% of (BCD+CVD)]
(e) IGST- Rs. 34.69 [A.V.+(a)+(b)+(c)+(d)]x 28%
(f) Compensation cess – Rs. 12.389 [A.V.+(a)+(b)+(c)+(d)]x 10%
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